PHDC partners with PIDC to support commercial, industrial and mixed-use development in neighborhoods and commercial corridors in Philadelphia. The Impact Development Fund provides capital for neighborhood-based development in communities often overlooked by traditional lenders.
In its first two years the Fund has invested in development in Oxford Circle, Brewerytown, Germantown, Cedar Park, Kensington and Port Richmond. Investments include a butcher shop/grocery story, a general contracting and property maintenance company, affordable housing and co-working space and others.
More information is available at PIDC.